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Political Economy

Economics is a discipline concerned with the consumption, production, and transfer of wealth by and among individuals (microeconomics) and communities or nations (macroeconomics); subspecialties range from economic development and planning to health economics and international economic relations. RAND's many economists contribute to multidisciplinary research projects by exploring the intersections where economics informs social, military, and governmental policy decisions.

China endeavors to protect its expanding interests in the Middle East by not taking sides in conflicts and controversies. The United States should encourage China to become more involved in efforts to improve regional stability while reassuring partners of its own commitment to the region.

China endeavors to protect its expanding interests in the Middle East by not taking sides in conflicts and controversies. The United States should encourage China to get more involved in efforts to improve regional stability while reassuring partners of its own commitment to the region.

Sleep and sleep loss are often considered to be among the most intimate of personal behaviors, but sleep matters to all aspects of society, from an individual’s health to the success of the global economy.

Sleep deprivation leads to a higher mortality risk and lower productivity levels among the workforce, putting a significant damper on a nation's economy. It leads to the U.S. losing around 1.2 million working days a year.

Sleep deprivation leads to a higher mortality risk and lower productivity levels among the workforce, putting a significant damper on a nation's economy. It leads to the UK losing around 200,000 working days a year.

Russia is a declining economic power whose foreign policy has led to isolation and criticism. But Putin may have an inflated sense of Russia's importance and expect one-sided U.S. concessions. If so, diplomacy could run into headwinds early in the Trump administration.

In the 20th century the United States created and expanded a world order that has provided security and prosperity—and it has borne much of the cost for sustaining it. Can that liberal global order be updated rather than jettisoned?

The U.S. pivot to the Indo-Pacific has improved U.S. popularity and influence, and positioned it for gains in regional economic, diplomatic, and military cooperation. The incoming administration would be wise to embrace these gains and build on them to preserve and further develop U.S. interests and influence in the region.

The next U.S. president will have many willing partners and an opportunity to expand the global system of security and economic institutions in a way that will help the United States and the world for decades.

Charles Wolf Jr., a leading economist and founding dean of what is now the Pardee RAND Graduate School who was regarded as one of the intellectual founders of modern policy analysis, has died. He was 92.

Estimates the gross regional product (GRP) of the Kurdistan Region -- Iraq in 2012 (excluding natural resources) and describes efforts to set up a system for data collection and analysis to support future annual GRP calculation.

Re-establishing border controls across Europe would cost €2 to 3 billion in annual operating costs, plus fixed one-off costs of anywhere between €0.1 and €19 billion. There would also be significant social and political costs.

The Schengen Agreement in 1985 led to the end of border controls across 26 European nations. Reintroducing these controls would cost billions of euros in economic costs. Social and political costs would also be substantial.

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Economist

Heather Krull is an economist at the RAND Corporation and member of the Pardee RAND Graduate School faculty. Her research has examined the recruiting and retention of military personnel, specifically among military intelligence linguist and Army clinician populations. More recently, her work has…

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